College of Lake County, Ill., looks to enroll consultant for DC plans

College of Lake County, Grayslake, Ill., is searching for an investment consultant for its 403(b) and 457 plans, confirmed Melanie Scherer, director of business services.

Incumbent Raymond James & Associates is invited to rebid. The two plans had a combined $9 million in assets as of Sept. 30.

The selected consultant will evaluate the existing plan provider, CPI Qualified Plan Consultants.

The consultant RFP is available on the college's website. Proposals are due at 4 p.m. CDT March 20. A hiring decision is expected on April 29.